Budgeting is a key component of risk management. Risk managers are often assigned a role in budgeting because they are the ones who can best assess what processes and operations are likely to cause financial trouble for the business.
The Weimar Republic. After Germany lost the First World War, the Kaiser fled and a new democratic government of Germany was declared in February 1919 at the small town of Weimar. It was too dangerous to make a declaration in Berlin where there had just been a revolt by a Communist group called the Spartacists.he Weimar Republic looked like the perfect democracy, but it had two great weaknesses-proportional representation and Article 48.
The main weaknesses of the Articles of Confederation were; 1) Under the Articles there was only a unicameral legislature so that there was no separation of powers. 2) Congress, under the Articles, did not have the power to tax which meant that they could never put their finances in order. 3) In order to change or amend the Articles, unanimous approval of the states was required which essentially meant that changes to the Articles were impossible.